AXA Equitable (EQH) Sets New 52-Week High at $22.38

AXA Equitable Holdings Inc (NYSE:EQH) shares reached a new 52-week high during trading on Thursday . The company traded as high as $22.38 and last traded at $22.41, with a volume of 19781 shares trading hands. The stock had previously closed at $21.83.

A number of research firms recently commented on EQH. JPMorgan Chase & Co. began coverage on shares of AXA Equitable in a research note on Monday, June 4th. They set a “neutral” rating and a $25.00 price objective on the stock. Barclays began coverage on shares of AXA Equitable in a research note on Monday, June 4th. They set an “equal weight” rating and a $24.00 price objective on the stock. Royal Bank of Canada began coverage on shares of AXA Equitable in a research note on Monday, June 4th. They set an “outperform” rating and a $26.00 price objective on the stock. Citigroup began coverage on shares of AXA Equitable in a research note on Tuesday, June 5th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of AXA Equitable in a research note on Monday, June 4th. They set an “outperform” rating and a $27.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $25.36.

AXA Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, August 14th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. The company’s revenue was down 23.7% compared to the same quarter last year. equities research analysts predict that AXA Equitable Holdings Inc will post 3.55 earnings per share for the current year.

The firm also recently announced a special dividend, which will be paid on Thursday, August 30th. Investors of record on Thursday, August 23rd will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, August 22nd.

A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System bought a new stake in AXA Equitable during the second quarter worth approximately $1,679,000. Millennium Management LLC bought a new stake in AXA Equitable during the second quarter worth approximately $48,578,000. Marshall Wace LLP bought a new stake in AXA Equitable during the second quarter worth approximately $3,018,000. Prana Capital Management LP bought a new stake in AXA Equitable during the second quarter worth approximately $10,966,000. Finally, Arrowgrass Capital Partners US LP bought a new stake in AXA Equitable during the second quarter worth approximately $2,061,000. Hedge funds and other institutional investors own 2.50% of the company’s stock.

About AXA Equitable (NYSE:EQH)

AXA Equitable Holdings, Inc provides various financial services worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products, which are primarily sold to affluent and high net worth individuals.

Recommended Story: Asset Allocation and Your Retirement

Receive News & Ratings for AXA Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXA Equitable and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply